On May 23, President Trump signed a series of executive orders designed to accelerate the construction and licensing of nuclear power plants in the U.S. The orders aim to quadruple the nation's nuclear energy capacity by 2050, streamline the approval process to 18 months, and allow the Energy and Defense departments to site reactors on federal lands. While the initiative seeks to address increasing electricity demand, experts express skepticism about the feasibility of achieving such ambitious goals, particularly given the historical challenges in the nuclear sector.
Boeing has reached a tentative agreement with the U.S. Department of Justice (DOJ) to avoid prosecution related to the fatal crashes of its 737 MAX jets, which resulted in the deaths of 346 people. The deal, valued at over $1.1 billion, includes compensation for victims' families and investments in safety and compliance programs. While the DOJ defends the agreement as a fair resolution, many families of the victims express outrage, feeling that the settlement undermines accountability for what they deem the deadliest corporate crime in U.S. history. The agreement is expected to be finalized soon, allowing Boeing to avoid a trial.
President Donald Trump has expressed support for Nippon Steel's $14.9 billion bid to acquire US Steel, claiming the deal would create 70,000 jobs and inject $14 billion into the US economy. Following his announcement on Truth Social, US Steel shares surged by 21%. The deal had previously been blocked by former President Joe Biden due to national security concerns. Trump’s endorsement comes after a review by the Committee on Foreign Investment in the US, which indicated that security risks could be managed. The partnership is seen as a significant victory for both companies and Pennsylvania’s economy.
